Are you concerned about investment losses in Phillips Edison Grocery Center REIT I? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Phillips Edison Grocery Center REIT I, Inc. is a public non-traded real estate investment trust (REIT) that invests in retail real estate properties. According to their website, their primary focus is on necessity-anchored neighborhood and community shopping centers that meet the day-to-day needs of residents in the surrounding trade areas.
REITs are complex and high risk investments that are really only suitable for sophisticated investors. It is the duty of the brokerage firm to perform due diligence on any investment and to ensure that the investment is suitable for a particular investor in light of that investor’s age, investment objectives, income, net worth, and investment experience. Given the current risk of devaluation of these REITs, such investments are likely only suitable for wealthy and/or sophisticated investors.
On December 5, 2016, Phillips Edison Grocery Center REIT I, Inc. (PEGCR) announced its board of directors has recommended shareholders reject a mini-tender offer from Comrit Investments 1.
The board of directors noted that Comrit’s offer to purchase up to 1 million shares of PEGCR common stock for a purchase price of $8.50 per share is less than the most recent estimated net asset value per share of $10.20, as of April 14, 2016, and less than the board of director’s opinion of the current and long-term value of the shares.
The White Law Group is investigating potential claims against the broker dealers that sold high risk investments, like Phillips Edison Grocery Center REIT I, onto unsuspecting investors.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
If you have invested in Phillips Edison Grocery Center REIT I and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.